ABI Research：Government Departments, Retail, Transportation and Logistics will become the Largest Market of RFID Tags

May 31, 2018

ABI Research：Government Departments, Retail, Transportation and Logistics will become the Largest Market of RFID Tags

According to a newly published research report by ABI Research, which focuses on Internet data research, the output value of RFID transponders, readers, softwares and service markets will increase to $70.5 billion by the end of 2017. The average annual growth rate will reach 20%. Government departments, retail, transportation and logistics will become the largest market for RFID products, accounting for about 60% of their total revenue in the next five years.

Government departments are another area of great potential, and RFID technology is used more and more in various documents and credentials. And as it plays an increasingly important role in asset tracking, car group management, personnel location, and security. Therefore, RFID solutions will be recognized by more people.

As a service provider, the transportation and logistics (http://www.rfidtagfactory.com/logistics/) sectors have always wanted to be able to accurately track emails through RFID technology and provide more detailed information for themselves and their customers. In addition, smart public transport systems also use non-contact electronic tickets as an effective way to improve management and service levels.

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